$$$ Standard Chartered Accused of Hiding Transactions With Iranians $$$ Banks Say Loan Applications Rise [WSJ] $$$ Chesapeake asset sale lifts profits, shares rise [Reuters] $$$ Swiss Brace for Talks with US on Secret Accounts [Reuters] $$$ U.S. Show More Summary
Mitt Romney paid 14% tax in 2010, the only year that he has released a (partial) tax return. And that was 14% of his taxable income after he had squirreled away millions in swiss bank accounts. According to plutocrat economics, low taxes on the rich make them work harder. Show More Summary
We want the pony. We want the jet ski. We want the big house on the beach, the big account at the bank (Swiss or otherwise), the big car in the garage (especially if that garage comes equipped with a super cool elevator that lifts the car from one floor to the next.) Read full article >>
In recent years, the IRS crackdown on foreign accounts and income has been unprecedented. See FBAR Penalties Just Got Even Worse. Most could never have predicted that Swiss and other offshore banking communities would literally be brought to their knees by the IRS. Comparisons to taxes brining down Al Capone aren’t entirely inapt. Relentless IRS enforcement efforts [...]
"Now Democrats have a chance to do something similar to Romney, with his Swiss bank account, his Grand Cayman and Bermuda tax havens, his multiple homes, his $10,000 bet, his friends who own NASCAR teams, and now the six-figure horses his wife imports from Europe. Show More Summary
Anyone who believes the IRS takes a “kinder, gentler” approach to taxpayers who don’t report their offshore bank accounts had their hopes dashed this week. In the news were two cases that involved secret Swiss bank accounts, millions...Show More Summary
The Democratic super PAC Priorities USA Action uses an Olympics themed ad to continue hitting Mitt Romney on outsourcing and using Swiss bank accounts. The ad will run during the Olympics in Florida, Ohio, Pennsylvania and Virginia.
Renewed interest in Mitt Romney's now-closed Swiss bank account has created a parlor game among experts and political junkies who would love to know why on Earth Romney had a Swiss bank account in the first place, and whether he...
In January, when Mitt Romney released his 2010 tax returns to the public, he did not release the "Report of Foreign Bank and Financial Accounts” form, which taxpayers who own Swiss bank accounts, like Mitt Romney, are required to file. Had Mitt Romney released that f …
Mitt Romney has not released his full tax records from 2010, and the missing portions include key documentation connected to his Swiss bank account. Romney revealed his 2010 return six months ago, but omitted his Report on Foreign Bank and Financial Accounts (FBAR). Show More Summary
Just to follow up on this tax return issue that is playing havoc with Mitt Romney's Presidential campaign, it turns out that the returns he claimed to have fully disclosed were not fully disclosed. He left out the part that describes the role of his Swiss bank account.
Zach Carter and Ryan Grim: >Romney has not disclosed all of his tax documents for 2010 itself -- the only year for which the GOP presidential nominee has presented any final tax forms…. Swiss bank account and financial activities inShow More Summary
HuffPo moves the ball forward again: Mitt Romney has not released his full tax records from 2010, including key documentation connected to his Swiss bank account. ...Romney released his 2010 tax return in January of this year, a document...Show More Summary
So Mitt Romney hasn't even fully disclosed his 2010 taxes: Mitt Romney has not released his full tax records from 2010, including key documentation connected to his Swiss bank account. [...] Romney released his 2010 tax return in January...Show More Summary
This was the year that Mitt Romney supposedly offered as a complete tax return. Romney released his 2010 tax return in January of this year, a document that first informed voters about the existence of his Swiss bank account and financial activities in Bermuda and the Cayman Islands. Show More Summary
Living Large – Taking Charge… DNC Chair Debbie Wasserman Schultz likes to say she’s just your average ‘middle class’ American. She likes to rip on those evil rich people with their Swiss bank accounts. She likes to rip on “secretive” … Continue reading ?
The New York Times is aghast that Mitt Romney won’t succumb to demands from Democrats and the Old Media that he release enough of his financial records to suit them. In particular, the Times worries over Mitt’s Swiss bank account and foreign investments. Show More Summary
Another day, another economically illiterate bleat by a Democratic politician about Swiss bank accounts. Bra-vo, Rep. Tim Ryan (D-Ohio): "No one in Youngstown, Ohio has a Swiss bank account. Or Akron, or Cleveland, or down the Ohio River, or in the Appalachian part of Ohio," Ryan said. [...]Show More Summary
(CNN) – Mitt Romney's accounts in offshore tax havens would have repercussions in essential governing decisions if he's elected president, a top adviser to President Barack Obama claimed Sunday. David Axelrod said on CNN's "State of the Union" that Romney's accounts in places like Switzerland, the Cayman Islands and Bermuda would cloud his decision-making on [...]